(Answered) It is estimated 30 of all adults in united states invest in

Statistics

It is estimated 30% of all adults in United States invest in stocks and that 88% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 25% of U.S. adults have investments in both stocks and fixed income instruments.

(a) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments? Round your answer to 2 decimal places.

(b) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to 2 decimal places.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92073854
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

If a study was done to measure the total brain volume of

If a study was done to measure the total brain volume of patients that had schizophrenia and also of patients that are normal. Table 1 has the total brain volume of the normal patients and table 2 has the total brain vol ...

In a population of phd students 50 have paid assistant

In a population of Ph.D students 50% have paid assistant ships. A random sample of n=200 students are chosen. What is the expected number of students who have paid assistant ships in this sample?

Rework problem 3 from section 43 of your text involving the

Rework problem 3 from section 4.3 of your text, involving the expected value of a given probability density function. Use the density function shown below instead of the one in your text. Value of X: ; Probability: 1 1/2 ...

A shipment contains 11 tvs of which two are defective a

A shipment contains 11 TV's, of which two are defective. A sample of three TV's is selected at random. In how many ways can no defective TV's be chosen?

Adult male heights x have n70 33a what percent of adult

Adult male heights X have N(70", 3.3") a.) What percent of adult males are shorter than 63"? b.) What percent of males are taller than 70"? c.) What's the 80th percentile of male heights? Show work

Assume that the critic finds that 50 percent of the movies

Assume that the critic finds that 50 percent of the movies have positive comments about the plot, 50 percent have positive comments about the acting, and 30 percent were not given positive comments about either plot or a ...

Two fair dice are rolled and the sum of the points is noted

Two fair dice are rolled and the sum of the points is noted. Find the probability that the sum is 6 given that at least one of the numbers is less than 3.

You work in the quality control office for a company that

You work in the quality control office for a company that manufactures fluorescent light bulbs. Your company offers a 4-year (1461 day) warranty on these bulbs. The average life span of your bulbs is 1600 days with a sta ...

According to a survey of 25000 households 55 of the people

According to a survey of 25,000 ?households, 55 % of the people watching a special event on TV enjoyed the commercials more than the event itself. Complete parts a through e below based on a random sample of nine people ...

In a single season an average ofnbsp24nbsphome runs were

In a single? season, an average of 2.4 home runs were hit per game. Assume the number of home runs per game follows the Poisson distribution. ?a) What is the probability that 6 home runs will be hit in a randomly selecte ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert